US EditionTaliban in talks with Russia, China for trade transactions in local currencies
- As of May 22, 2025, Afghanistan's Taliban-led government, through acting commerce minister Haji Nooruddin Azizi, is actively negotiating with Russia to enable trade settlements in their respective local currencies.
- These negotiations follow Afghanistan's international isolation and aid cuts that sharply reduced US dollar inflows, prompting Kabul to seek alternative trade arrangements including ongoing discussions with China.
- Technical teams from Russia and Afghanistan work on proposals amid Moscow's shift from the dollar, while Afghanistan has imported oil, gas, and wheat from Russia since 2022 and maintains around $300 million in annual bilateral trade.
- Azizi mentioned that they are holding detailed talks that take into account the economic conditions and sanctions affecting both the region and the world, along with the difficulties faced by Afghanistan and those encountered by Russia.
- The talks aim to reduce reliance on the US dollar, stabilize Afghanistan's economy, and boost investment, with Azizi confident this approach benefits the country and similar working groups formed with China continue ongoing discussions.
15 Articles
15 Articles
Taliban in talks with Russia, China for trade transactions in local currencies
The Taliban administration is in advanced talks with Russia for banks from both sanctions-hit economies to settle trade transactions worth hundreds of millions of dollars in their local currencies, Afghanistan's acting commerce minister said.
Sanctioned Afghanistan, Russia & Iran rewrite global trade rules | Is U.S. losing in its own game?
What happens when a country like Afghanistan isolated, unrecognized, and sanctioned suddenly becomes a key player in a new global trade order? You're watching the emergence of the Axis of Alternatives, a quiet but seismic shift in global power. Afghanistan is now in talks with China and Russia to bypass the U.S. dollar and trade in local currencies. But this is more than just an economic workaround, it’s part of a growing rebellion against a sys…
Afghanistan-Russia-China talks advance on sanction-busting currency swap
Both Afghanistan and Russia are sanctions-hit economies, seeking to settle trade transactions worth hundreds of millions of dollars, the Taliban's acting Commerce Minister Haji Nooruddin Azizi said.
Taliban In Advanced Talks With Russia, China To Conduct Trade In Local Currencies
The move comes as Moscow focuses on using national currencies to shift reliance away from the dollar and as Afghanistan faces a stark drop in the U.S. currency entering the country due to aid cuts. The post Taliban In Advanced Talks With Russia, China To Conduct Trade In Local Currencies appeared first on StratNews Global.
Coverage Details
Bias Distribution
- 56% of the sources lean Right
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
